Removal of the tolls will also have a claimed economic boost to the Welsh economy of an estimated £100m each year.

The two bridges, which opened in 1966 and 1996, are used by 25 million vehicles each year but the tolls have been argued to be a barrier to business growth in South Wales.

Secretary of State for Wales Alun Cairns said: “Today marks an important leap forward in Wales’ economic potential, increasing our appeal to external investors but also ensuring businesses, commuters and tourists on both sides of the border are no longer hampered by a fee restricting them from carrying out their everyday lives.

“Removing the tolls will cement the already strong ties between the economies and communities of South Wales and the South West of England, creating a growth corridor for prosperity to flourish from Cardiff, through Newport to Bristol and beyond.”

Commenting on the announcement, RAC head of roads policy Nicholas Lyes said: “Many would argue that this should have happened years ago. Business drivers, holiday makers and commuters will have endured significant delays at the pay booths over the years. Perhaps now the Government may have an appetite to review other toll crossings where financially viable.”

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.